7 Things a Retiree Should NEVER Disclose

This video discusses seven things a retiree should never disclose to anyone! The video also discusses how criminals trick their mark into giving up sensitive information, bank access and even let the criminal know when they're not home! This is a must watch video for anyone who is concerned about their personal and financial security.

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

[HolySchmidt]

Hi All. For those who are looking to lock their credit report - see the description on where to go.

[FennaVa]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, a lot won’t have a house to retire with either.

[Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[richardt]

I have seen a few videos on "The Importance of Looking Poor." I live in Los Angeles and the news is filled with follow home robberies, assaults, homicides. The victims are mostly people driving flashy cars, carrying expensive hand bags, and wearing high end watches. Now that I am retired, I wear, jeans, a tee shirt and gym shoes, I drive an 11 year old Honda Accord, complete with dents and scratches, no jewelry, and an Iphone stashed away. I don't want to advertise that I have anything worth stealing.

[mikeb.]

Regarding "don't give out your home address": The same holds true for your work location. I HAD a nice car and a worker at the shop asked me where I work. Simple friendly question, which I answered. 3 days later my nice car was stolen out of the parking lot at my work.
I no longer wear shirts with my work logo and I give vague answers about work and home details now.
Lesson learned.

[uspenjp]

Best thing I've ever done is bring up Politics at Thanksgiving. Saved me a LOT of money on Christmas gifts. I highly recommend you adopt this approach to protecting your savings 🙂

[chewie]

My cousin ask me a security question and I asked him why is interested in that particular info. He gave me a BS answer. I was shocked.

[Lee-jhcr]

Another privacy issue. Check to see if the house you bought had an online virtual tour. Many are not taken down. Enter your address and the entire interior and exterior of your home might be there for the world to see.

[mooster]

These days every medical appointment involves filling out forms full of detailed information which always includes full name, spouse's name, address, employment, birthdate and SSN. We are old enough to remember when we got our social security cards the first time and they included the admonition that the number was not to be used as ID. I'm particularly concerned about the extremely high turnover rates among medical staff these days, and there's no telling how much screening is done, especially when many hospitals are severely short staffed.

[diane.moore-]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[sailingsvkalon]

Those making negative comments, you’ve never been a victim of identity theft. It’s traumatic and can ruin your future saving or retirement.

[mikegibbons]

My wife and I have left our credit locked for the last several years. When we do need a credit ran for a loan or other reason, they have to disclose which company they plan to use. If they say they run them all, we make them pick one. If they won’t we walk away. We unlock the one for the duration of the transaction then relock it. This is not optional

[Lasertrac]

My father is an old Iowan. I was raised NEVER to discuss finances. It's just not done. Good video, good advice.

[kensmith]

I was in the United States Marine Corps, 1972-76. Our social security number was our service number. When I was in college, our student ID was our social security number. The military and schools have both discontinued using SSN for ID.

[mimibaker]

Never disclose:
1. 0:37 financial information- income and net worth.
2. 1:59 social security #
3. 3:45 disclose home address
4. 5:36 email addresses
5. 7:54 mobile number unless you initiate transaction
6. 9:42 political views
7. 12:01 answers to security questions

[followingthesunrises]

I'd add social media to the list.
People disclose a frightening amount of personal information, not only about themselves but also family members, exposing even more people to multiple types of fraud.
Ive had to have that talk with an elderly family member, requesting they no longer post our personal information in Facebook comment sections on pages they follow.

[CionnFE]

On the topic of security questions, like mother’s own name or first pet etc., social media are full of silly quizzes which people share without thinking. In doing this, they are revealing the answers to their secondary security questions, to everyone! Helpful vid 👍🏼

[davidcerce]

After I turned 65, I started getting visits to my home, I live out in the country. One fellow pulled halfway up my driveway, my son and were working on his car, this guy knows my name, my address and my age already! I was very rude to him, asked where he got my information and told him I valued my privacy. I also mentioned he could have easily been shot.

[eferlinindonesia]

Your advice applies to everyone. Not just for retirees. :) Thank you!

[FifacEmir-wprs]

institutional buying into PbatesLTD could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.